By Aaron Hochman-Zimmerman
New York, July 7 - Peru priced a $1 billion reopening of its 7.35% global bonds (Ba1/BBB-/BBB-) due 2025 late Monday evening to yield 6.95%, according to an FWP filing with the Securities and Exchange Commission.
The deal came at a price of 103.837 and a spread of 343.6 basis points.
JPMorgan Securities Inc. and UBS Securities LLC acted as bookrunners for the Securities and Exchange Commission registered deal.
Proceeds from the sale will be used to repay Paris Club debt.
The original $750 million issue of the bonds was priced at par on July 13, 2005 and reopened at $500 million on Dec. 12, 2005 at a price of 101.027.
Issuer: Peru
Issue: Add on to global bonds
| Amount: | $1 billion
|
| Maturity: | July 21, 2025
|
| Coupon: | 7.35%
|
| Price: | 103.827
|
| Yield: | 6.95%
|
| Spread: | Treasuries plus 343.6 bps
|
| Bookrunners: | JPMorgan Securities Inc., UBS Securities LLC
|
| Distribution: | Off shelf
|
| Pricing date: | July 6
|
| Settlement date: | July 9
|
| Ratings: | Moody's: Ba1
|
| Standard & Poor's: BBB-
|
| Fitch: BBB-
|
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